Vocan Econ

Question 1

GDP

Answer 1

Per capital gross domestic product on a person basis

Question 2

Pirvatizatoin

Answer 2

Conversion of state owned factories and other property to private ownership

Question 3

Vouchers

Answer 3

Certificates that could be used to purchase gov. Owned property during privatization

Question 4

5 year plan

Answer 4

A comprehensive centralized economic plan designed to achieve rapid industrialization

Question 5

Gos plan

Answer 5

Central planning authority in the former Soviet Union

Question 6

Collectivization

Answer 6

Forced common ownership is f factories of production

Question 7

Perestroika

Answer 7

Fundamental restructuring of the Soviet economy

Question 8

Great Leap Forward

Answer 8

China rapid industrialization

Question 9

Isolationism

Answer 9

National policy of avoiding international alliances and economic interactions

Question 10

Solidarity

Answer 10

Independent polish labor union founded in 1980

Question 11

Naturalization

Answer 11

Shift of economy or part of an economy form private ownership to government ownership

Question 12

European Union

Answer 12

28 member countries make it the largest single unified market in the world in terms of population and output

Question 13

Black market

Answer 13

Things sold illegally

Question 14

Capital intensive

Answer 14

Requiring large amounts of capital in relation to labor

Question 15

Keiretsu

Answer 15

Independently owned a group of Japanese form join in government by an external board of directions in order to regulate competition

Question 16

Population density

Answer 16

Number of people per square mile